Everbright Bank has begun offering small business loans for values up to 10 million yuan (US$1.23 million), reports The Beijing News. Beginning in November, Everbright launched programs in Shanghai, Nanjing, Suzhou, Hangzhou, and Ningbo and has plans to expand the service nationally next year. Everbright had previously directed loans solely at companies; this service extends loans to entrepreneurs and small-business owners, who use their own property as collateral. Small businesses make up 90% of China's total enterprises numerically, and account for 60% of total national corporate assets. Link: http://www.thebeijingnews.com/news/2005/1205/12@000302.html